Singapore. November 12, 2025 — Verde AgriTech Ltd (TSX: NPK | OTCQX: VNPKF) (“Verde” or the “Company”) announces its operating and financial results for the period ended September 30, 2025 (“Q3 2025”). All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in Q3 2025: C$1.00 = R$4.04.
“Verde has a great deal underway—both in Enhanced Rock Weathering and in our rare-earths exploration—and we look forward to updating the market on those fronts separately. Today’s release is deliberately focused on Q3 financial performance. The Great Brazilian Agriculture Crisis continues to weigh on demand, with elevated insolvencies across the sector, but we have executed with discipline: cutting costs, tightening credit, and concentrating on resilient, long-cycle customers. Our agronomic trials in eucalyptus and sugarcane are progressing well and are opening channels where a small group of buyers could, together, absorb volumes beyond our current capacity. While industry conditions remain challenging, Q3 shows clear sequential improvement and the operational rigor to keep building from here,” said Cristiano Veloso, Founder and Chief Executive Officer of Verde AgriTech.
Q3 2025 Highlights
Operational and Financial Highlights
- EBITDA before non-cash events was $0.1 million in Q3 2025, compared to -$0.03 in Q3 2024, representing the first positive EBITDA since Q2 2023.
- Sales volume in Q3 2025 was 85,136 tons; a 16% reduction compared to Q3 2024.
- Revenue in Q3 2025 was $5.9 million, an 18% decrease from the same period last year.
- Gross margin excluding freight was 60% during the quarter, in line with Q3 2024.
- Net loss in Q3 2025 was $2.1 million, compared to a $2.3 million loss in Q3 2024.
- Cash in Q3 2025 was $3.6 million, compared to $3.4 million in Q3 2024. Short-term receivables in the quarter were $7.9 million, compared to $11.3 million in Q3 2024.
- During the period, Verde was granted a Brazilian patent for its advanced fertilizer production technology combining glauconitic siltstone and beneficial microorganisms. The Company holds five patents in Brazil with National Institute of Industrial Property (INPI) and has three patent applications pending.
Sustainability Highlights
- Product sold in Q3 2025 has the potential to capture up to 10,214 tons of carbon dioxide (“CO2”) from the atmosphere via Enhanced Rock Weathering (“ERW”).[1] The potential net amount of carbon captured is estimated at 7,106 tons of CO2. In addition to its carbon removal potential, Q3 2025 sales avoided the emissions of 4,155 tons of CO2e, by substituting potassium chloride (“KCl”) fertilizers.[2] Combining the potential carbon removal and carbon emissions avoided by the use of the product since the start of production in 2018, Verde’s total potential impact stands at 329,933 tons of CO2.[3]
- 6,740 tons of chloride have been prevented from being applied into soils in Q3 2025, by farmers who used the Product in lieu of KCl fertilizers.[4] A total of 188,742 tons of chloride has been prevented from being applied into soil by Verde’s customers since the Company started production.[5]
Recent Events
- Subsequent to quarter end, Verde announced the discovery of a continuous, clay-hosted rare earth element mineralized zone in Minas Gerais, Brazil, covering approximately 5,500 hectares across 13 mineral rights. The zone was defined through integrated geological mapping, geochemistry, and spectral or geophysical datasets, and confirmed by trench sampling (see news release dated October 6, 2025). The commencement of a three-rig drilling program, was announced shortly after this discovery, which focuses on defining initial high-quality magnet rare earths resources (see news release dated October 9, 2025).
- In addition, Verde’s Board has reviewed the initial trench sampling work and has decided to accelerate the project, now formally named the Minas Americas Global Alliance magnetic rare earths project (the “Project”), laying out key project milestones (see news release dated October 21, 2025), which includes: completing mobilization; confirming ionic clay mineralization with summary of ionic adsorption diagnostics together with full leachate impurity and radiological screening, completing initial drilling and additional trenching (Q4 2025), releasing results from an ANSTO recovery test (Q1 2026); publishing a maiden NI 43-101 mineral resource estimate (Q1 2026) and publishing a preliminary economic assessment (PEA) (mid-2026). Verde is fully funded to execute the initial Project work program while continuing its fertilizer operations.
- More recently, Verde confirmed ionic-adsorption behaviour across multiple trenches at the Minas Americas Global Alliance Project reporting that ammonium-sulfate leach tests returned primary leach solutions (“PLS”) with very strong magnet rare earth (neodymium (Nd), praseodymium (Pr), dysprosium (Dy), terbium (Tb)) grades and exceptionally low impurities (thorium/ uranium (Th/U) at, or below, detection) (see news release dated October 21, 2025).
“Despite the Great Brazilian Agricultural Crisis that began in early 2023 amidst a backdrop of tight credit and higher rates, our team delivered Verde’s first positive EBITDA after eight consecutive negative quarters and we are cautiously optimistic that this momentum will continue into 2026,” continued Mr. Veloso. “We have grown our sales volumes at a 6-year CAGR of 49%, and that discipline—protecting cash generation and finishing Q3 with $3.6 million—positions us well. Looking ahead, we expect Q4 2025 into Q1 2026 to be stronger than the past year, signaling a potential end to the Brazilian agricultural crisis and a return to growth.”
Q3 2025 In Review
Market Analysis
Agricultural and fertilizer sector
The agribusiness sector continued to face pressure during Q3 2025 as part of the Great Brazilian Agricultural Crisis, with ongoing challenges such as geopolitical tensions, extreme climate risks, high input costs, financing difficulties and trade volatility, creating uncertainties for output and market stability.[6] However, Verde began to see some recovery from the agricultural downturn that started in early 2023. The Companhia Nacional de Abastecimento (Conab) September report expects Brazilian’s soybean, corn and grain production to remain high, reaffirming the country’s resilience in agricultural output. Brazilian farmers have begun the 2025/26 planting season, and Conab’s initial outlook suggests another increase in corn and soybean acreage. The expansion reflects rising domestic biofuel demand and robust exports that continue to set shipment records.[7] At the same time, global demand for potash is strengthening, supported by population growth, food security, precision farming, specialized fertilizers, and a focus on efficiency. The market is projected to reach US$34.8 billion by 2033, suggesting a 9-year CAGR of 2.66%.[8] Taken together with projected 5-year and 10-year growth rates of ~2.3-2.5% per year and 2.5% per year, respectively, suggests a cautiously optimistic outlook for the sector.[9]
Despite this, input cost challenges, particularly high fertilizer prices, combined with relatively steady crop prices, have impacted the profitability of Brazil’s soy and corn producers during the 2025/26 harvest, currently being planted.[10] During the quarter, fertilizer prices, especially for potassium chloride (KCI), remained high, above US$350/metric ton. [11] This may lower the gross margins for producers even amid strong demand for grains and other agricultural products. [12]
Figure 1: Average potassium chloride (KCl) prices per metric ton
Brazilian farmers relying on leased land or loans face further challenges from high interest rates and accumulated leverage. According to Experian’s Agro Judicial Recovery Indicator, the sector registered 565 requests for judicial measures in Q2 2025, up 31.7% from the previous quarter.[13]
The government recently announced a R$12.0 billion (approximately USD 2.21 billion) rural credit and debt-relief program aimed at supporting up to 100,000 mostly small and medium farmers, affected by extreme weather. [14] While the initiative is designed to ease short-term cash flow pressures, reduce credit risk, and support input demand (including fertilizers), many farmers are finding it difficult to access the funds. Banks responsible for intermediating the operations require substantial collateral, but most farmers have already pledged their available assets to other creditors.
Like Verde, other players in the sector adopted measures to safeguard operations and improve resilience. Fertilizer producers face a combination of climate-related delays, lower technology adoption, and farmer cost containment. Many have launched debt restructuring efforts to reduce short-term liabilities, preserve liquidity, and secure more sustainable financial terms on existing debt.[15] These actions reinforce a sector-wide emphasis on cost discipline, credit selectivity, and long-term stability. Verde maintained a conservative commercial strategy throughout the quarter, limiting sales exposure to higher-risk clients.
Rare earths market
The price for rare earths elements remained elevated in Q3 2025. Despite China implementing stricter export controls on rare earth elements and related technologies, citing national security concerns[16], the global market continues to grow, with projections showing a 7-year CAGR of 10.2%, from US$3.74 billion in 2024 to US$8.14 billion by 2032.[17] Brazil, which holds the world’s second-largest, rare earths reserves at 21 million metric tons[18], is taking steps to strengthen its position, offering financial guarantees and tax incentives to support domestic mining and processing of strategic minerals.[19] Driven by rising global demand for strategic minerals, investments in Brazil’s rare earths sector are forecast to climb 49% by 2029.[20]
Macroeconomic Conditions
Under a tight monetary policy, with record-high SELIC interest rates of 15%, Brazil’s economy is expected to have grown by around 0.3% in the quarter,[21] with a full-year growth projected by Brazilian Central Bank at 2.0%.[22] While the SELIC rate remains elevated, there may be an interest rate cut if inflation continues to ease. Current forecasts indicate the rate will gradually decline to 12.25% in 2026 and further to 10% by 2028. Inflation forecasts for 2025 and 2026 stand at 4.80% and 3.60%[23], respectively, suggesting a cautiously optimistic outlook that Brazil’s macroeconomic environment may be on a path toward stabilization in the medium term.
Figure 2: Selic Interest Rates
The agriculture industry continues to navigate an increasingly challenging credit environment. Working capital remains tight for many farmers, and more suppliers have shifted toward post-harvest payment terms, often requiring payment nine to 12 months after the harvest. As discussed earlier, a government subsidy introduced earlier this year aims to ease short-term credit constraints. In reality, however, many farmers still struggle to access these funds, as banks are requiring collateral that they often cannot provide, and available guarantees remain limited. As a result, credit approvals and disbursements continue to lag, forcing farmers and producers to carefully manage liquidity, cash flow and credit exposure throughout the supply chain.
Global political developments involving key Brazilian trading partners, along with ongoing discussions around taxation and regulation, have introduced some uncertainty for farmers considering long-term investments. In response, many are taking a more conservative approach, prioritizing essential inputs and maintaining financial discipline. While this cautious sentiment has moderated short-term fertilizer demand, it also reflects a broader focus on operational efficiency and strategic resource allocation. As greater clarity emerges around policy and market dynamics, purchasing activity may begin to recover.[24]
External Factors
Revenue and costs are affected by external factors including changes in the exchange rates between the C$ and R$ along with fluctuations in potassium chloride spot CFR Brazil, agricultural commodities prices, interest rates, among other factors. For further details, please refer to the Q3 2025 Year in Review section.
Results of Operations
The following table provides information about three months ended September 30, 2025, as compared to the three months ended September 30, 2024. All amounts in CAD $’000.
|
3 months
ended
Sep 30, 2025 |
3 months ended
Sep 30, 2024 |
9 months ended
Sep 30, 2025 |
9 months
ended
Sep 30, 2024 |
| Tons sold ‘000 |
85 |
101 |
213 |
271 |
| Average Revenue per ton sold $$ |
69 |
71 |
63 |
69 |
| Average Production cost per ton sold $ |
(17) |
(18) |
(17) |
(20) |
| Average Gross Profit per ton sold $ s |
52 |
53 |
46 |
49 |
| Gross Margin |
75% |
75% |
73% |
71% |
| |
|
|
|
|
| Revenue |
5,873 |
7,161 |
13,525 |
18,709 |
| Production costs(1) |
(1,447) |
(1,830) |
(3,520) |
(5,316) |
| Gross Profit |
4,426 |
5,331 |
10,005 |
13,393 |
| Gross Margin |
75% |
75% |
73% |
71% |
| Sales and marketing expenses |
(907) |
(895) |
(2,649) |
(2,844) |
| Product delivery freight expenses |
(2,301) |
(2,630) |
(5,149) |
(6,767) |
| General and administrative expenses |
(955) |
(1,054) |
(3,053) |
(3,467) |
| Allowance for expected credit losses |
(163) |
(785) |
(670) |
(1,018) |
| EBITDA (2) |
100 |
(33) |
(1,516) |
(703) |
| Share Based and Bonus Payments (Non-Cash Event)(3) |
8 |
(104) |
(225) |
(2,146) |
| Depreciation, Amortisation and P/L on disposal of plant and equipment (3) |
(798) |
(758) |
(2,344) |
(2,479) |
| Operating Profit after non-cash events |
(690) |
(895) |
(4,085) |
(5,328) |
| Interest Income/Expense (4) |
(1,389) |
(1,431) |
(4,191) |
(4,372) |
| Net Profit before tax |
(2,079) |
(2,326) |
(8,276) |
(9,700) |
| Income tax (5) |
(7) |
(10) |
(17) |
(27) |
| Net Profit |
(2,086) |
(2,336) |
(8,293) |
(9,727) |
|
|
|
|
|
|
(1) – Non GAAP measure
(2) – Included in General and Administrative expenses in financial statements
(3) – Included in General and Administrative expenses and Cost of Sales in financial statements
(4) – Please see Summary of Interest-Bearing Loans and Borrowings notes
(5) – Please see Income Tax notes
Operating and Financial Results
Sales Performance
In Q3 2025, revenue from sales declined by 18%, accompanied by a 3% decline in the average revenue per ton compared to Q3 2024. Excluding freight expenses (FOB price), the average revenue per ton declined by 6%, primarily driven by the devaluation of the Brazilian Real by 5.1% and a reduction in sales of specialty products, which decreased from 17% to 15% of the sales mix. The shift reflects farmers’ increasing preference for lower value-added products, as many continue to face restricted cash flows.
Verde maintains a rigorous credit approval process for customers purchasing specialty fertilizers, due to the inclusion of third-party raw materials in these products. This more stringent evaluation helps safeguard operational continuity and mitigates risks associated with the fulfillment of purchase agreements.
The Company reported a net loss of $2.1 million in Q3 2025, compared to a net loss of $2.3 million in Q3 2024. The year-over-year improvement of $0.2 million primarily reflects lower non-cash expense from a reduction in the allowance for expected credit losses
Basic loss per share totaled $0.04 in Q3 2025, the same as in Q3 2024.
Production Costs [25]
The average cost per ton decreased by 6% in Q3 2025, primarily due to an 5.1% devaluation of the Brazilian Real, alongside a lower proportion of specialty product orders compared to regular products.
Production costs include all direct costs from mining, processing, and the addition of other nutrients to the Product, such as sulphur and boron. It also includes the logistics costs from the mine to the plant and related salaries.
Financing Activities
As a result of Q2 2025 debt restructuring, the Company required less cash for interest and principal payments during the period.
| Loans
CAD $’000 |
Before renegotiation |
After renegotiation |
| Short-term loans |
43,316 |
3,458 |
| Long-term loans |
7,562 |
45,484 |
| Total |
50,878 |
48,942 |
Financial Position
As of September 30, 2025, Verde held cash of $3.6 million, compared to $3.4 million at the end of Q3 2024. Short-term receivables recorded during the quarter were $7.9 million. The total cash and short-term receivables were $11.5 million in Q3 2025.
Outlook
For the balance of 2025 and into 2026, the Company expects continued operational improvement in its fertilizer business versus the prior 24 months. Verde anticipates improving market conditions, with early signs of recovery in H2 2025—supported by higher grain output, the potential for lower Brazilian interest rates, and moderating inflation—pointing to a near-term easing of the agricultural downturn.
Following the discovery of high-grade magnet rare earth mineralization at the Minas Americas Global Alliance magnetic rare earths project, the Board has initiated a strategic review and outlined several key project milestones which include: confirming ionic clay mineralization with summary of ionic adsorption diagnostics together with full leachate impurity and radiological screening (now confirmed), completing initial drilling and additional trenching (Q4 2025), releasing results from an ANSTO recovery test (Q1 2026); publishing a maiden NI 43-101 mineral resource estimate (Q1 2026) and publishing a preliminary economic assessment (PEA) (mid-2026).
Q3 Results Conference Call
The Company will host a conference call to discuss Q3 2025 results and provide an update. Subscribe using the link below and receive the conference details by email.
The Company’s financial statements and related notes for the period ended September 30, 2025 are available to the public on SEDAR+ at www.sedarplus.ca and the Company’s website at www.investor.verde.ag/.
About Verde AgriTech
Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet.
For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website at https://verde.ag/en/home/.
For additional information please contact:
Cristiano Veloso, Chief Executive Officer and Founder
Tel: +55 (31) 3245 0205; Email: investor@verde.ag
www.verde.ag | www.investor.verde.ag
Cautionary Language and Forward-Looking Statements
Cautionary Note Regarding Mineral Resources and Reserves (NI 43-101 / CIM)
Unless otherwise indicated, all scientific and technical information in this news release has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards (May 10, 2014). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Inferred Mineral Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that any part of an Inferred Mineral Resource will be converted into Measured or Indicated Mineral Resources or into Mineral Reserves. The results of any preliminary economic assessment (“PEA”) or pre-feasibility study (“PFS”), to the extent referenced, are preliminary in nature and include inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves; there is no certainty that the PEA or PFS results will be realized.
Cautionary Note to U.S. Investors
The terms “Mineral Resource,” “Inferred Mineral Resource,” “Indicated Mineral Resource,” and “Measured Mineral Resource,” and “Mineral Reserve,” as used herein, are defined in accordance with NI 43-101 and the CIM Definition Standards, which differ in certain respects from the requirements of the U.S. Securities and Exchange Commission (“SEC”), including Subpart 1300 of Regulation S-K (“S-K 1300”). Accordingly, information contained herein may not be comparable to similar information made public by U.S. companies subject to the SEC’s reporting and disclosure requirements.
Forward-Looking Information and Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are made as of the date of this news release and relate to future events or performance. Often, but not always, forward-looking statements can be identified by words such as “expects,” “anticipates,” “plans,” “projects,” “estimates,” “envisages,” “assumes,” “intends,” “strategy,” “goals,” “objectives,” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will” be taken, occur or be achieved.
Forward-looking statements in this news release include, without limitation, statements with respect to: (i) estimates of the tonnage and grades of Mineral Resources and Mineral Reserves; (ii) the potential amount of CO₂ removal per tonne of rock and the development, verification, issuance and sale of carbon-removal credits; (iii) the PFS representing a viable development option for the Project and the timing of related disclosures; (iv) estimates of initial and sustaining capital costs, operating and total costs, payback periods, net cash flow, net present value and economic returns; (v) future production volumes (produced and sold) and sales assumptions for Super Greensand® and K Forte®; (vi) the Company’s competitive position in Brazil and potash market demand; (vii) recommendations of any special committee; (viii) the terms, timing, court approval and financial impact of any debt restructuring; and (ix) the potential outcomes of re-assaying certain core samples.
These forward-looking statements are based on the Company’s and its consultants’ reasonable assumptions, estimates and opinions as of the date hereof, including, without limitation: (i) the presence and continuity of Mineral Resources and Mineral Reserves at estimated grades; (ii) geotechnical, hydrological and metallurgical characteristics of rock consistent with sampled results; (iii) capacities, availability and performance of equipment and personnel at estimated costs and timelines; (iv) foreign exchange rates; (v) realized sales prices, market size and adoption for the Company’s products; (vi) applicable discount, tax and royalty rates; (vii) availability and cost of acceptable financing; (viii) anticipated mining loss and dilution; (ix) receipt of required permits and other regulatory approvals on acceptable terms; (x) reasonable contingency allowances; (xi) successful execution of operating plans; (xii) the fulfilment of environmental assessment commitments and community arrangements; and (xiii) for carbon-removal activities, the applicability of methodologies, verification, permanence, monitoring and market acceptance.
Forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, without limitation: risks related to court approvals and the completion of any debt restructuring; variations in grade or recovery; adverse geotechnical, hydrological or metallurgical conditions; changes in project parameters as plans continue to be refined; cost escalation and inflationary pressures; labour availability; fluctuations in commodity prices and demand (including potash); foreign-exchange volatility (including Brazilian Real–Canadian dollar); availability and terms of financing; changes in tax and royalty regimes; delays in permitting or stakeholder agreements; competitive pressures; infrastructure and operational risks; regulatory changes affecting mining, fertilizers and carbon-removal markets; and, for carbon-removal activities, risks relating to methodology eligibility, additionality, durability/permanence, leakage, monitoring, verification, certification, policy shifts and pricing, any of which could affect the issuance, saleability or value of credits. Additional information about risk factors is described in the Company’s most recent Annual Information Form filed on SEDAR+ (www.sedarplus.com) and in other continuous disclosure filings. The foregoing list is not exhaustive, and there can be no assurance that forward-looking statements will prove accurate.
Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Financial Outlook / Future-Oriented Financial Information
This news release may contain future-oriented financial information or financial outlooks (collectively, “FOFI”) within the meaning of applicable securities laws, including, without limitation, estimates of capital and operating costs, net present value, internal rate of return, payback and projected revenues or cash flows. Such FOFI are provided to describe the anticipated effects of proposed project development and may not be appropriate for other purposes. The FOFI are based on the assumptions and subject to the risks described above, and actual results may vary materially.
Currency, Units and Trademarks
Unless otherwise stated, all figures are in Canadian dollars (C$). Tonnages are metric tonnes. Super Greensand® and K Forte® are registered trademarks of the Company.
[1] The carbon capture potential of Verde’s products, through Enhanced Rock Weathering (ERW), is 120 kg CO2e per ton of K Forte®. For further information, see “Verde’s Products Remove Carbon Dioxide From the Air”.
[2] K Forte® is a fertilizer produced in Brazil using national raw materials. Its production process has low energy consumption from renewable sources and, consequently, a low environmental and GHG emissions footprint. Whereas the high carbon footprint of KCl results from a complex production process, involving extraction, concentration, and granulation of KCl, in addition to the long transportation distances to Brazil, given that 95% of the KCl consumed in the country is imported. 12Mt of K Forte® is equivalent to 2Mt of KCl in K2O content. Emissions avoided are calculated as the difference between the weighted average emissions for KCl suppliers to produce, deliver, and apply their product in each customer’s city and the emissions determined according to K Forte®’s Life Cycle Assessment for its production, delivery, and application in each customer’s city.
[3] From 2018 to Q3 2025, the Company has sold 2.4 million tons of Product, which can potentially remove up to 261,948 tons of CO2. Additionally, this amount of Product could potentially avoid up to 67,985 tons of CO2 emissions.
[4] Verde’s Product is a salinity and chloride-free replacement for KCl fertilizers. Potassium chloride is composed of approximately 46% of chloride, which can have biocidal effects when excessively applied to soils. According to Heide Hermary (Effects of some synthetic fertilizers on the soil ecosystem, 2007), applying 1 pound of potassium chloride to the soil is equivalent to applying 1 gallon of Clorox bleach, with regard to killing soil microorganisms. Soil microorganisms play a crucial role in agriculture by capturing and storing carbon in the soil, making a significant contribution to the global fight against climate change.
[5] 1 ton of Product (10% K2O) has 0.1 tons of K2O, which is equivalent to 0.17 tons of potassium chloride (60% K2O), containing 0.08 tons of chloride.
[6] Source: Perspectives for Agriculture – Volume 13 – 2025/2026 Harvest, Companhia Nacional de Abasteciento, September 19, 2025. Available at: https://www.gov.br/conab/pt-br/acesso-a-informacao/institucional/publicacoes/perspectivas-para-a-agropecuaria/perspectivas-para-a-agropecuaria-volume-13-safra-2025-2026-1
[7] Source: Brazil begins planting with expected record acreage driven by high demand but low margins, Farmdoc Daily, University of Illinois at Urbana-Champaign, October 20, 2025. Available at: https://farmdocdaily.illinois.edu/2025/10/brazil-begins-planting-with-expected-record-acreage-driven-by-high-demand-but-low-margins.html
[8] Source: Potash Market Report – Business Research Insights, October 20, 2025. Available at: https://www.businessresearchinsights.com/market-reports/potash-market-120921
[9] Source: Brazil: 2025 article iv consultation—press release; staff report; and statement by the executive director for Brazil, International Monetary Fund, June 27, 2025. Available at: https://www.elibrary.imf.org/view/journals/002/2025/194/article-A000-en.pdf
10 Source: Soy and corn farmers could face losses this harvest, Valor International, October 17, 2025. Available at: https://valorinternational.globo.com/agribusiness/news/2025/10/17/soy-and-corn-farmers-could-face-losses-this-harvest.ghtml
[11] Available at: Acerto Limited
[12] Source: Brazil begins planting with expected record acreage driven by high demand but low margins, Farmdoc Daily, University of Illinois at Urbana-Champaign, October 20, 2025. Available at: https://farmdocdaily.illinois.edu/2025/10/brazil-begins-planting-with-expected-record-acreage-driven-by-high-demand-but-low-margins.html
[13] Source: Judicial Reorganization: requests grow almost 32% in agribusiness in the second quarter of 2025, shows Serasa Experian indicator, Serasa Experian, September 29, 2025. Available at: https://www.serasaexperian.com.br/sala-de-imprensa/agronegocios/recuperacao-judicial-solicitacoes-crescem-quase-32-no-agro-em-segundo-trimestre-de-2025-mostra-indicador-da-serasa-experian/
[14] Source: Brazil’s Lula announces $2.2 bln debt relief package for farmers, Reuters, September 5, 2025. Available at: https://www.reuters.com/business/finance/brazils-lula-announces-22-bln-debt-relief-package-farmers-2025-09-05/
[15] Source: Lavoro Restructures $460 Million Debt to Secure Crop Input Supply, The AgriBiz, June 18, 2025. Available at: https://www.theagribiz.com/international/lavoro-restructures-460-million-debt-to-secure-crop-input-supply/
[16] Source: Concerned carmakers race to beat China’s rare earths deadline, Reuters, October 21, 2025. Available at: https://www.reuters.com/business/autos-transportation/concerned-carmakers-race-beat-chinas-rare-earths-deadline-2025-10-21/
[17] Source: Rare Earth Elements Market Size, Share & Industry Analysis and Regional Forecast, 2024-2032, Fortune Business Insights, October 6, 2025. Available at: https://www.fortunebusinessinsights.com/rare-earth-elements-market-102943
[18] Source: Brazil’s rare earth projects seek partnerships to enhance energy security, S&P Global, June 6, 2025. Available at: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/metals/060625-brazils-rare-earth-projects-seek-partnerships-to-enhance-energy-security
[19] Source: Brazil eyes financial guarantees, tax breaks for strategic minerals, Reuters, September 5, 2025. Available at: https://www.reuters.com/business/brazil-eyes-financial-guarantees-tax-breaks-strategic-minerals-2025-10-16/
[20] Source: Brazilian Rare earth investments to rise 49% by 2029, Agencia Brazil, October 22, 2025. Available at: https://agenciabrasil.ebc.com.br/en/economia/noticia/2025-10/brazilian-rare-earth-investments-rise-49-2029
[21] Source: Brazil’s economy slows sharply in second quarter but still beats forecasts, Reuters, September 2, 2025. Available at: https://www.reuters.com/world/americas/brazils-economy-slows-sharply-second-quarter-still-beats-forecasts-2025-09-02/
[22] Source: Brazilian Central Bank, Projections for GDP growth in 2025 and 2026, September 2025. Report. Available at: https://www.bcb.gov.br/content/ri/inflationreport/202509/rpm202509b1i.pdf
[23] As of September 30, 2025. Source: Brazilian Central Bank
[24] Source: “US sanctions could cause chaos on Latam farms run on Russian fertilizers,” Reuters, July 21, 2025. Available at: https://www.reuters.com/world/americas/us-sanctions-could-cause-chaos-latam-farms-run-russian-fertilizers-2025-07-21
[25] Verde’s production costs and sales price are based on the following assumptions:
- Micronutrients added to the product increase its production cost, rendering K Forte® less expensive to produce.
- Production costs vary based on packaging type, with bulk being less expensive than Jumbo Bags.
- Plant 1 produces K Forte® Jumbo Bags and Low-Carbon Specialty Fertilizer Products, while Plant 2 exclusively produces K Forte® Bulk. Therefore, Plant 2’s production costs are lower than Plant 1’s costs.
Singapore, October 21, 2025 – Verde AgriTech Ltd. (TSX: NPK | OTCQX: VNPKF) (“Verde” or the “Company”), is pleased to report ionic-adsorption behaviour confirmed across multiple trenches at the Minas Americas Global Alliance Project (“Minas Americas” or the “Project”) in Minas Gerais, Brazil. Ammonium-sulfate leach tests returned primary leach solutions (“PLS”) with very strong magnet rare earth (neodymium (Nd), praseodymium (Pr), dysprosium (Dy), terbium (Tb)) grades and exceptionally low impurities (thorium/ uranium (Th/U) at, or below, detection).
Highlights
- Best leachates (0.5M (NH₄)₂SO₄, 30 min): up to 667 mg/kg of DREO (total desorbable rare earth oxide (“DREO”) and up to 278 mg/kg of magnetic rare earth oxide (“MREO”) (Nd+Pr+Dy+Tb), showing ionic adsorption behaviour and demonstrating strong magnet-REE proportion in these initial tests.
- NdPr in leachate up to 268 mg/kg (PT‑36), with Dy+Tb up to 9 mg/kg; multiple trenches exceed 150 mg/kg MREO in PLS.
- Head grades are high and laterally continuous: top MREO samples range 1,306–2,182 ppm, within 6,081–8,930 ppm TREO.
- Ultra-low contaminants in PLS: Th and U not detected in the best intervals; Fe and Al minimal, supporting selective ion-exchange.
Top Leachate Intervals and Matching Head Grades
Table 1 – Top Disordable Intervals
| Project/Source |
Basis |
Head TREO (ppm) |
Head MREO (ppm) |
DREO in PLS (mg/kg) |
MREO in PLS (mg/kg) |
Nd₂O₃ (mg/kg) |
Pr₆O₁₁ (mg/kg) |
Dy₂O₃ (mg/kg) |
Tb₄O₇ (mg/kg) |
Key impurity notes |
| PT‑36 |
Trench (0–1 m) |
7,181 |
1,593 |
667 |
278 |
209 |
59 |
7 |
2 |
Th & U ND; Fe ND |
| PT‑34 |
Trench (1–2 m) |
8,615 |
2,182 |
578 |
240 |
187 |
45 |
7 |
2 |
Th & U ND; Fe ND |
| PT‑42 |
Trench (0–1 m) |
4,605 |
1,096 |
383 |
167 |
129 |
33 |
4 |
1 |
Th ND (~3 mg/kg Th max); Fe ND |
Notes: DREO and element grades above are measured directly in the primary leach solution (PLS) from ion-exchange tests; Head grades are from the same trench intervals. ND = not detected.
Magnet REEs dominate the leachate (>40% of dissolved REO). The magnet rare‑earth oxides (MREO = Nd₂O₃ + Pr₆O₁₁ + Dy₂O₃ + Tb₄O₇) constituted over 40% of the dissolved REO in Verde’s best PLS samples—an exceptional selectivity for the value‑driver elements. Quantitatively, PT‑36 returned DREO of ~667 mg/kg with MREO of ~278 mg/kg (≈41.7% MREO; NdPr ~268 mg/kg; Dy+Tb ~9 mg/kg). PT‑34 (1–2 m) showed DREO of ~578 mg/kg and MREO of ~240 mg/kg (≈41.5%), while PT‑42 (0–1 m) reported DREO of ~383 mg/kg and MREO of ~167 mg/kg (≈43.6%). This >40% MREO share—paired with very low Th/U and minimal Fe/Al (iron/aluminium) in solution—indicates high‑value, magnet‑grade enrichment in the leachate and provides a strong technical basis for efficient downstream upgrading to tight‑spec mixed rare earth carbonate (MREC).
Cerium is selectively suppressed in solution. Under the diagnostic 0.5 M ammonium‑sulfate, 30‑minute leach screen, cerium consistently reports at very low concentrations in the primary leach solution (PLS) relative to the head composition—an ionic‑clay hallmark that materially simplifies downstream purification. in Verde’s top intervals, CeO₂ in PLS ranges ~16–91 mg/kg, while the dissolved‑REE (DREO) totals 383–667 mg/kg ; that means cerium represents only ~4–14% of dissolved REO in these best samples. For example, at PT‑36 (0–1 m) the head assay carries ~3,563 ppm CeO₂ within 7,181 ppm TREO, yet the PLS contains ~91 mg/kg CeO₂ against ~667 mg/kg DREO (≈14% Ce in solution). At PT‑34 (0–1 m) and PT‑34 (1–2 m), CeO₂ in PLS is ~16–28 mg/kg versus ~383–578 mg/kg DREO (≈4–5% Ce in solution), further confirming preferential desorption of magnet REEs over cerium under mild conditions. Th and U are at or below detection; iron (Fe) is not detected in the best PLS, reinforcing a clean leach signature.
Ionic‑Clay Rare Earths — Rarer Geology, Higher Strategic Appeal, and Why “Clean” Clays are King
Ionic‑adsorption clays (IACs) are geologically rarer than hard‑rock rare‑earth systems. They form only where REE‑bearing source rocks have been deeply weathered for long periods in warm, humid climates, where the right clay minerals can weakly adsorb REEs and where stable landscapes preserve these horizons close to surface. Those conditions occur in limited belts globally, which is why confirmed IAC districts command outsized strategic interest. Moreover, they are shallow, soft, and tightly aligned to the magnet‑grade demand story powering EVs, robots, and wind.
From a developer’s risk lens, well‑behaved ionic clays can mitigate key execution risks. Their near‑surface, free‑digging nature reduces mining complexity; ambient‑condition desorption allows compact, modular buildouts; and faster test‑iterate cycles are possible if early metallurgy confirms ionic behavior and a “clean” liquor. Cleanliness is king in ionic clays. IAC domains that co‑dissolve fewer contaminants (e.g., Fe/Al/Mn/alkalies) typically need fewer purification stages, consume less reagent, simplify residue handling, and enable a tighter‑spec mixed rare earth carbonate (MREC) that downstream processors prize. The upshot: lower impurity loads can translate into simpler, smaller circuits and materially lower capital intensity than high‑impurity clay variants—accelerating credible pathways to marketable concentrate. The project ultra-low contaminants in PLS are illustrated in Table 2.
Table 2 – Weight Percent (Wt%) of Key Impurities in PLS for Top Disordable Intervals
| Project/Source |
Basis |
Al
(Wt%) |
Ca
(Wt%) |
Fe
(Wt%) |
Ni
(Wt%) |
Th
(Wt%) |
U
(Wt%) |
| PT‑36 |
Trench (0–1 m) |
0,00391 |
0,01508 |
<0,0002 |
0,000266 |
0,000259 |
<0,000004 |
| PT‑34 |
Trench (1–2 m) |
0,00158 |
0,06842 |
<0,0002 |
0,00054 |
<0,00002 |
<0,000004 |
| PT‑42 |
Trench (0–1 m) |
0,00338 |
0,00968 |
<0,0002 |
0,000781 |
0,000292 |
<0,000004 |
Light, Heavy or Magnet?
Rare earth elements are often labeled “light” (La–Gd) and “heavy” (Tb–Lu, plus yttrium), but the market does not split that neatly and definitions vary among authorities. Deposits coproduce a basket of elements, so outputs are governed by geology and processing rather than preference. Many heavy rare earths feed small, highly specialized uses—laser media, medical imaging crystals, specialty optics—where ultra‑tight purity and performance specs drive qualification and price. High unit prices, in other words, reflect specification intensity and tiny volumes, not large underlying markets.
What sets market scale and strategic relevance are the magnetic rare earths. NdPr form the backbone of high‑performance Nd‑Fe‑B magnets, while small additions of dysprosium or terbium (Dy/Tb) enable high‑temperature resilience. These magnets are critical in EV drivetrains, robots, wind turbines, and advanced industrial systems, with few practical substitutes at comparable torque density and efficiency—and supply chains remain geographically concentrated. As a result, magnetic REEs—especially NdPr, with Dy/Tb where needed—are the primary demand drivers and the most strategic focus across the value chain.
How Minas Americas Compares (Head Grade and Leachate) to Aclara’s Carina Project (Brazil)
Head grade (oxide ppm): Aclara’s Carina Indicated Resource (Grand Total) reports Nd₂O₃ ~221 ppm, Pr₆O₁₁ ~63 ppm, Dy₂O₃ ~38.9 ppm and Tb₄O₇ ~6.4 ppm (~329 ppm MREO) within 1,1452 ppm TREO. The Project selected trench intervals show materially higher head grades (e.g., PT‑34: 2,182 ppm MREO within 8,615 ppm TREO).
Leachate (PLS) concentrations: Aclara disclosed average high‑grade RC intervals of ~434 mg/kg DREO with ~129 mg/kg NdPr and ~22 mg/kg Dy+Tb (~152 mg/kg MREO). The Project’s best intervals yield up to 667 mg/kg DREO and up to 278 mg/kg MREO (NdPr to 268 mg/kg), exceeding those averages on a strictly apples‑to‑apples basis. This like‑for‑like comparison is summarized in Table 3 and illustrated in Figures 1-3.
Table 3 – Verde – Minas Americas vs.Aclara – Carina
| Project/Source |
Basis |
TREO (ppm) |
MREO (ppm) |
DREO in PLS (mg/kg) |
MREO in PLS (mg/kg) |
NdPr in PLS (mg/kg) |
| PT‑36 |
Trench (0–1 m) |
7,181 |
1,593 |
667 |
278 |
268 |
| PT‑34 |
Trench (1–2 m) |
8,615 |
2,182 |
578 |
240 |
232 |
| PT‑42 |
Trench (0–1 m) |
4,605 |
1,096 |
383 |
167 |
162 |
| Aclara – Carina |
Indicated (avg) / PEA |
1,452 |
~329 |
~434 |
~152 |
~129 |
Figure 1 – Minas Americas vs. Carina – Head REO Results
Figure 2 – Minas Americas vs. Carina – Disordable Results
Figure 3 – Minas Americas vs. Carina – NdPr in DREO Results
Aclara’s head grades above are averaged over a large Indicated Resource; the Project results are early‑stage trench intervals. Nonetheless, on a leachate concentration basis (what goes into the plant), the Project’s best PLS magnet grades are competitive to superior while maintaining exceptionally low impurities.
* Aclara Resources Mineração Ltda.; GE21 Consultoria Mineral. Carina Rare Earth Element Project — Preliminary Economic Assessment Update. GE21 Project No. 240205. May 3, 2024. 322 p.
Metallurgy: Why the First SGS Screen is Conservative and Why Stage Two Testing Lifts Recoveries
All leach results reported today come from an SGS Geosol screening test designed to answer a simple question: Are the rare earths ion adsorbed and therefore readily exchangeable? To keep that diagnostic clean and comparable, the procedure intentionally uses a single, short leach (0.5 M ammonium sulfate, ~30 minutes) on the as received, screened material and then reads the dissolved rare earths in the solution. It does not attempt to maximize extraction. In our program, SGS applied method ICM694 (0.5 M (NH₄)₂SO₄; 30 minute contact) after routine sample prep; results are reported as oxides (REO). This is the right first step for ionic clay projects because it isolates the exchangeable fraction and demonstrates low impurity solubilization. For example, in sample OB56 the leachate contained ~383 mg/kg TREO including ~127 mg/kg Nd₂O₃ and ~29 mg/kg Pr₆O₁₁, with Th and U near detection limits—evidence of selective ion exchange with minimal contaminant carryover under very mild conditions.
Because this diagnostic is purposefully mild, it under reports what a plant level flowsheet can achieve. Several built in limitations suppress extraction: (i) a single short contact rather than multiple counter current stages; (ii) fixed ionic strength (0.5 M) and no pH ramping to keep clays dispersed and prevent readsorption; (iii) no pre conditioning/attrition to expose exchange sites; (iv) no residence time optimization or temperature control; and (v) no recycle/bleed management of the leach liquor. In practice, proper metallurgical testing for ionic clays moves to staged agitated and/or percolation leaching with controlled pH (typically mildly acidic), optimized solid–liquid ratios, higher or stepped salt strengths, dispersants to limit flocculation, and counter current washing. These steps systematically (1) access additional exchange sites, (2) prevent rare earth readsorption as the solution becomes depleted, and (3) concentrate REE in solution while continuing to show low co leaching of Al/Fe/Si. Our initial dataset already points to that selectivity: major gangue oxides are very low in solution, and radioactive/penalty elements are at or near zero—favorable foundations for scaled processing.
What to expect next: Stage two metallurgical work for Verde’s Preliminary Economic Assessment, expected to be released in Q2 2026, will therefore implement multi-stage, counter current leaching and washing sequences (agitated and column), pH/ionic strength profiling, residence time optimization, and dispersion control. The objective is to translate today’s conservative, single pass screen into materially higher extractions of NdPr, Dy and Tb in line with commercial ionic clay practice—while preserving the clean impurity profile indicated by the SGS screen. As those flowsheet elements are introduced, recoveries typically step up materially from the initial screen because we are no longer constrained by a one and done 30-minute contact at fixed strength. We will report those stage two results as they are completed.
QA/QC and Qualified Person
Sample preparation and analytical methods. Samples were analyzed by SGS Geosol Geosol Laboratórios Ltda. (Vespasiano, Brazil), an ISO/IEC 17025:2017-accredited and independent commercial laboratory. For total element concentrations, samples underwent lithium metaborate fusion with ICP-OES/ICP-MS finish (SGS method codes IMS95A/ICP95A). Selective leachates were prepared using a 0.5 M ammonium sulfate leach for 30 minutes (SGS method ICM694) with ICP-MS finish.
QA/QC. The Company inserted certified reference materials, blanks and field/pulp duplicates at ~12% of the sample stream, and monitored laboratory internal controls. The QA/QC results were reviewed by the Qualified Person and were within acceptable limits for this stage of exploration.
Qualified Person. The scientific and technical information in this news release has been reviewed and approved by José Márcio Matta Machado Paixão, FAusIMM, who is a Qualified Person as defined by NI 43-101 and is independent of the Company within the meaning of NI 43-101. Mr. Paixão has verified the data disclosed herein by reviewing laboratory certificates, QA/QC performance (blanks/CRMs/duplicates) and analytical procedures.
About Verde AgriTech
Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet. For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website: https://verde.ag/en/home.
Cautionary Language and Forward-Looking Statements
This news release contains “forward‑looking information” and “forward‑looking statements” (together, “FLI”) within the meaning of applicable Canadian securities laws. FLI relates to future events or performance and reflects management’s current expectations and assumptions. FLI in this news release includes, but is not limited to, statements regarding: the interpretation and significance of exploration and leach test results; the potential for ionic‑adsorption clay mineralization and for economic extraction of rare earth elements; the selectivity of magnet rare earths in solution and implications for processing; comparisons to other projects; anticipated metallurgical programs and flowsheet development (including staged, counter‑current leaching and washing); the expected timing, scope and outcomes of further testwork and studies (including a potential preliminary economic assessment (PEA)) currently targeted for release in Q2 2026; plans for project advancement; potential strategic initiatives and partnerships; and the timing and content of future updates.
Material assumptions
Material factors and assumptions used in developing the FLI include, without limitation: that trench and leach results are representative of broader mineralized horizons; continuity of ionic‑adsorption behaviour; scalability of laboratory procedures to pilot or commercial settings; availability and performance of reagents and process consumables; the ability to further optimize leaching, washing and impurity control while maintaining selectivity; reasonable access to the Project area, services and infrastructure; the availability of financing on acceptable terms; stable political, regulatory, community and permitting environments; sustained demand and pricing for rare earth products (including Nd, Pr, Dy and Tb); and exchange rates and operating cost inputs consistent with historical ranges.
Material risk factors
FLI is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. These include, without limitation: risks inherent to early‑stage exploration projects; that subsequent work may not confirm initial exploration or leach results; metallurgical risks in scaling from bench to pilot/industrial operations; sampling, analytical and interpretive uncertainties; comparisons to peer projects that may not be valid due to differences in geology, scale, test conditions, project stage or assumptions; commodity price and exchange‑rate volatility; access to capital; cost inflation and supply‑chain disruptions; availability of water, power, reagents and skilled labour; environmental, permitting, title, tenure and community risks (including Indigenous engagement); changes in laws, regulations, policies or enforcement; political and country risk; counterparty and offtake risks; and the other risks set out in the Company’s most recent Annual Information Form, MD&A and other continuous disclosure documents available under the Company’s profile at www.sedarplus.ca .
Caution to readers
Although the Company believes the assumptions and expectations reflected in the FLI are reasonable as of the date hereof, no assurance can be given that they will prove correct. Readers are cautioned not to place undue reliance on FLI. The FLI herein is made as of the date of this news release, and the Company does not undertake any obligation to update or revise such FLI except as required by applicable securities laws. The Company’s policy is to update previously disclosed material FLI as required by NI 51‑102 through subsequently filed MD&A or news releases.
Technical and NI 43‑101 Cautionary Statements
The exploration and test results reported are preliminary in nature and do not constitute mineral resources or mineral reserves as defined by National Instrument 43‑101 – Standards of Disclosure for Mineral Projects (NI 43‑101). There is no certainty that further exploration will result in the delineation of mineral resources or reserves, that any economic analysis will be completed, or that any development decision will be made.
Any discussion of a potential PEA relates to a contemplated future study. No PEA results are being disclosed in this news release. If a PEA is completed and disclosed in the future, the Company will include all cautionary language required by NI 43‑101 for any economic analysis that includes or is based on inferred mineral resources.
Reported impurity and radionuclide observations (e.g., thorium/uranium below detection in certain intervals) are limited to the methods, detection limits and sample intervals tested and may not be representative of the property as a whole.
Comparisons to other issuers’ properties and results (including Aclara’s Carina Project) are provided for context only, are based on public disclosures and/or cited technical sources, and are not necessarily indicative of results that may be achieved at the Company’s Project. Differences in geology, testwork, scale, stage of development and assumptions can materially affect outcomes.
The scientific and technical information in this news release has been reviewed and approved by a Qualified Person under NI 43‑101 as disclosed herein. Terms such as TREO, MREO and DREO are used as defined in the news release for clarity and are not CIM‑defined categories.
For additional information please contact:
Cristiano Veloso, Chief Executive Officer and Founder
Tel: +55 (31) 3245 0205; Email: investor@verde.ag
www.verde.ag | www.investor.verde.ag
Two drill rigs turning, third expected end of October
Ionic clay confirmation and initial drill results expected in Q4 2025
Maiden MRE and PEA targeted in H1 2026
New rare earths project formally named
Singapore, October 14, 2025 – Verde AgriTech Ltd. (TSX: NPK | OTCQX: VNPKF) (“Verde” or the “Company”), is pleased to announce that its Board of Directors has concluded a detailed review of its recent new district-scale rare earths discovery (see press release dated October 6, 2025), alongside a review of ongoing fertilizer operations and feedback from management and shareholders. Following this assessment, the Board has approved an accelerated, cost-efficient development plan for this new project, officially named the Minas Americas Global Alliance rare earths project (the “Project”).
In addition, the Board has identified several project milestones and approved plans to finance near-term exploration plans, without compromising the Company’s low carbon specialty fertilizer business.
Upcoming Milestones for the Project
- Complete mobilization – third drill rig expected at site the week of October 20th
- Confirm ionic clay mineralization with summary of ionic adsorption diagnostics together with full leachate impurity and radiological screening (Q4 2025);
- Provide update on initial drilling (Q4 2025);
- Complete initial drilling and additional trenching; release assay results (Q4 2025);
- Release ANSTO recovery test (Q1 2026);
- Publish maiden NI 43-101 mineral resource estimate (“MRE”)(Q1 2026); and
- Publish preliminary economic assessment (“PEA”) to demonstrate economics (Mid 2026).
“Company owned rigs are now turning, with a third rig mobilizing shortly. Our in-house lab is fast tracking metallurgical testwork while leading external laboratories conduct independent validation,” commented Cristiano Veloso, Founder and CEO. “This is the same team that built and operated two mines and two industrial plants in the same region in Brazil—an execution advantage we intend to leverage. We expect to confirm the Project’s ionic clay mineralization and report initial drilling in Q4 2025, followed by a maiden mineral resource estimate and a Preliminary Economic Assessment in the first half of 2026. These programs are supported by our current liquidity—approximately $11.5 million in cash and receivables—and disciplined capital allocation. We will let the data lead and remain focused on creating value for our shareholders.”
Project Funding
Verde is fully funded to execute the initial Project work program while continuing its fertilizer operations, with approximately C$11.5 million in cash and receivables on hand, as of the date of this release.
Rare Earths Discovery Summary
On October 6, 2025, Verde reported a continuous, clay hosted rare earth mineralized zone spanning approximately 5,500 hectares across 13 mineral rights in Alto Paranaíba, Minas Gerais, Brazil. The zone was delineated through integrated mapping, geochemistry, geophysics and confirmed by trench sampling. Highlight assays include up to 8,930 ppm TREO and up to 2,182 ppm MREO, with 75 surface/trench samples averaging 743 ppm MREO (54/75 ≥ 400 ppm; 22/75 ≥ 1,000 ppm). Samples show a strong NdPr component (averaging ~19% of TREO, up to 24%) and the strong presence of dysprosium and terbium—attributes aligned with high performance magnet applications in EVs, robots and wind power.
About Verde AgriTech
Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet. For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website: https://verde.ag/en/home.
Cautionary Language and Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including, but not limited to, statements with respect to: the significance of exploration results; the potential for economic extraction of rare earth elements; future exploration and development plans; the outcome of the Board of Directors’ review; potential partnerships, strategic alternatives, or value-maximizing structures; the advancement of the project; and the expected timing of further updates. Forward-looking information is based on management’s current expectations, assumptions, estimates, projections, and interpretations, and involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied. These factors include, without limitation: risks related to exploration stage projects; the possibility that future exploration results may not support mineral resource or reserve delineation; uncertainties relating to assay and metallurgical results; operational risks inherent in mining; risks associated with maintaining licenses, permits and mineral rights; changes in laws, regulations and government policies; risks related to capital and operating costs; commodity price volatility; financing risks; and other risks described in the Company’s most recent annual information form and other continuous disclosure filings available under the Company’s profile at www.sedarplus.ca .
Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable securities laws.
This news release reports exploration results which are preliminary in nature and do not represent mineral resources or mineral reserves as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). There is no certainty that further exploration will result in the delineation of mineral resources, mineral reserves, or that any development decision will be made. Mineralization identified to date is not necessarily indicative of future results.
For additional information please contact:
Cristiano Veloso, Chief Executive Officer and Founder
Tel: +55 (31) 3245 0205; Email: investor@verde.ag
www.verde.ag | www.investor.verde.ag
Second rig arriving at site in two days; third rig mobilizing in ~15 days
Near term focus is defining initial high-quality resources for the fastest viable path to production
Singapore, October 9, 2025 — Verde AgriTech Ltd. (TSX: NPK | OTCQX: VNPKF) (“Verde” or the “Company”) announces that drilling commenced on October 7, 2025 at the Company’s district scale, clay hosted rare earth discovery in Alto Paranaíba, Minas Gerais, Brazil. A second rig is scheduled to arrive on October 11, 2025, with a third rig expected to mobilize on or about October 24, 2025, enabling a three-rig program in the near term.
Program highlights:
- Three drill rig program: Drilling commenced October 7, 2025, second drill rig expected on site October 11, 2025, and last drill rig expected in two weeks.
- Fast track objective: Quickly define highest quality resources to determine the fastest viable path to production; Phase 2 drilling will expand on current drilling to delineate the full potential of the land package.
- Metallurgy: Ionic adsorption confirmation and flowsheet testwork are underway, with confirmation targeted for Q4 2025.
- Next step: Board assessment, including naming of project and expected milestones to be released October 14, 2025.
“Over the past 15 years we’ve established, in this region of Minas Gerais, the right team and equipment, lab capacity, including power and road infrastructure to advance our projects quickly,” commented Cristiano Veloso, Founder and CEO. “Building on the recently announced district scale discovery—characterized by high TREO and magnet grade MREO, with a strong NdPr share and consistent Dy/Tb in the highest-grade samples—we are accelerating this new rare earths project in a disciplined, cash efficient way that does not compromise our low carbon fertilizer business.”
Project Accelerated Timeline
The Project’s mineralized zone lies within concessions that form part of Verde’s long held potash property package, where the Company has operated for over 15 years—a platform that materially reduces start up friction, specifically as it related to:
- People: In house, multidisciplinary teams ready for mapping, sampling and drilling; rapid field to decision cadence.
- Equipment: Drill rigs, vehicles, field equipment and integrated IT systems for fast data capture.
- Laboratory: Verde’s lab supports sample preparation, scout assays and metallurgical screening in parallel with external labs—shortening cycles and de risking flowsheet choices.
- Execution Experience: In the same region, Verde has brought two mines into production and built two large scale industrial plants that are operating today.
- Regional infrastructure: Roads, bridges and high voltage power to site have been significantly upgraded by Verde, avoiding years of typical infrastructure lead time
Next Steps
On October 14, 2025, Verde plans to publish a comprehensive Board assessment that includes the program’s formal name and a clear milestone map.
Rare Earths Discovery
Verde recently reported a continuous, clay hosted rare earth mineralized zone covering ~5,500 hectares across 13 mineral rights, delineated by integrated mapping, geochemistry, geophysics and confirmed by trench sampling (see press release dated October 6, 2025). Highlight assays include up to 8,930 ppm TREO and up to 2,182 ppm MREO; 75 trench/surface samples average 743 ppm MREO (54/75 ≥ 400 ppm; 22/75 ≥ 1,000 ppm). Samples are NdPr rich (averaging ~19% of TREO, peaking 24%) with high grade dysprosium and terbium present—attributes aligned to magnet grade applications in EVs and wind turbines.
Technical Notes, QA/QC and Qualified Person
The scientific and technical information in this release is consistent with Verde’s October 6, 2025 discovery disclosure, including laboratories (SGS Geosol), methods and QA/QC insertion rates (blanks/CRMs/duplicates). The scientific and technical information was reviewed and approved by José Márcio Matta Machado Paixão, Fellow AusIMM, a Qualified Person under NI 43 101.
About Verde AgriTech
Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet. For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website: https://verde.ag/en/home.
Cautionary Language and Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including, but not limited to, statements with respect to: the significance of exploration results; the potential for economic extraction of rare earth elements; future exploration and development plans; the outcome of the Board of Directors’ review; potential partnerships, strategic alternatives, or value-maximizing structures; the advancement of the project; and the expected timing of further updates. Forward-looking information is based on management’s current expectations, assumptions, estimates, projections, and interpretations, and involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied. These factors include, without limitation: risks related to exploration stage projects; the possibility that future exploration results may not support mineral resource or reserve delineation; uncertainties relating to assay and metallurgical results; operational risks inherent in mining; risks associated with maintaining licenses, permits and mineral rights; changes in laws, regulations and government policies; risks related to capital and operating costs; commodity price volatility; financing risks; and other risks described in the Company’s most recent annual information form and other continuous disclosure filings available under the Company’s profile at www.sedarplus.ca .
Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable securities laws.
This news release reports exploration results which are preliminary in nature and do not represent mineral resources or mineral reserves as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). There is no certainty that further exploration will result in the delineation of mineral resources, mineral reserves, or that any development decision will be made. Mineralization identified to date is not necessarily indicative of future results.
For additional information please contact:
Cristiano Veloso, Chief Executive Officer and Founder
Tel: +55 (31) 3245 0205; Email: investor@verde.ag
www.verde.ag | www.investor.verde.ag
SINGAPORE, Oct. 06, 2025 — In a release issued under the same headline earlier today by Verde AgriTech Ltd. (TSX: NPK | OTCQX: VNPKF), please note: we updated the Appendix table to correct a presentation alignment. The column headings list the individual oxides in alphabetical order, followed by TREO and MREO; the data had appeared in the reverse order, which misaligned values with their headings. This update does not change the underlying assays or calculations. No changes were made to TREO, MREO, or individual rare earth element totals or interpretations; the update is limited to table alignment. The corrected Appendix follows. All other content remains unchanged.
Continuous clay-hosted REE mineralised zone outlined.
High-grade NdPr-rich samples return up to 8,930 ppm TREO and 2,182 ppm MREO.
22 samples return > 1,000 ppm MREO
Singapore, October 6, 2025 – Verde AgriTech Ltd. (TSX: NPK | OTCQX: VNPKF) (“Verde” or the “Company”), announces the delineation of a continuous clay hosted rare earth element (“REE”) mineralized zone (“the Zone”) in Alto Paranaíba, Minas Gerais, Brazil, covering ~5,500 hectares (or ~20 square miles) across 13 mineral rights. The Zone was delineated by integrated geological mapping, geochemistry and spectral/geophysical datasets, and confirmed by trench sampling.
Exploration Highlights:
- High-grade magnet rare earth tenor across a broad sample base: 75 surface/trench samples average magnetic rare earth oxides (“MREO”) 743 ppm, with 54/75 ≥400 ppm, 22/75≥1,000 ppm and 7/75 ≥1,500 ppm MREO.
- Total rare earths at meaningful surface tenor: Total rare earth oxides (“TREO”) averages 3,532ppm, median 3,148, with peak assays up to 8,930 ppm and 2,182 ppm MREO.
- Heavy rare earths confirmed: Top 10 MREO samples carry dysprosium oxide ~35–60 ppm and terbium oxide ~8–13 ppm, reinforcing high coercivity magnet potential alongside NdPr (see Table 1).
- Magnet critical balance: Neodymium and praseodymium (NdPr) typically contribute on average ~19% of TREO within the samples tested, peaking at 24%, with dysprosium and terbium present in higher grade samples — supportive of high coercivity magnet feed.
- Near-term catalyst: Given the significance of the discovery and potential economics, Verde’s Board of Directors is conducting a formal review and will communicate next steps within seven days.
“This discovery demonstrates a rare earth mineralized zone of considerable size and coherence across our mineral rights. The combination of TREO and MREO enrichment highlights a compelling growth opportunity,” commented Cristiano Veloso, Founder and CEO. “We are now preparing to advance the project through a Board review to identify the best path forward to unlocking the project’s full potential.”
Table 1: Top 10 samples by MREO (incl. TREO, Nd, Pr, Dy, Tb)
| Channel |
From |
To |
UTMN |
UTME |
Oxide Total Grade (ppm) |
| TREO |
MREO |
Dy2O3 |
Nd2O3 |
Pr6O11 |
Tb4O7 |
| PT-34 |
1 |
2 |
7841160.46 |
384496.15 |
8615 |
2182 |
60 |
1644 |
464 |
13 |
| PT-34 |
0 |
1 |
7841160.46 |
384496.15 |
8930 |
2118 |
53 |
1592 |
461 |
12 |
| PT-08 |
0 |
1 |
7863699.87 |
401672.16 |
8276 |
1816 |
48 |
1330 |
428 |
11 |
| PT-12 |
0 |
1 |
7871455.52 |
404413.96 |
7669 |
1705 |
46 |
1251 |
398 |
10 |
| PT-18 |
1 |
2 |
7865477.78 |
404446.44 |
7202 |
1676 |
46 |
1231 |
389 |
10 |
| PT-36 |
0 |
1 |
7845380.34 |
384873.08 |
7181 |
1593 |
37 |
1198 |
350 |
9 |
| PT-21 |
1 |
2 |
7867642.38 |
405141.50 |
7250 |
1507 |
49 |
1102 |
347 |
10 |
| PT-45 |
0 |
1 |
7856478.40 |
382570.77 |
6418 |
1372 |
37 |
1026 |
300 |
8 |
| PT-05 |
0 |
1 |
7862246.40 |
401300.48 |
6161 |
1327 |
35 |
972 |
313 |
8 |
MREO—dominated by NdPr, with contributions from Dy and Tb—is the core feedstock for high performance permanent magnets used in EV drivetrains, wind turbines and advanced electronics. A coherent, near surface footprint with consistent NdPr tenor is a key early indicator for scale and relevance in the REE value chain.
Beyond the strong NdPr tenor, Verde’s assays demonstrate consistent enrichment in the heavy rare earths dysprosium (Dy) and terbium (Tb) that underpin high temperature, high coercivity magnets. In the 10 highest grade MREO trench samples (1,306–2,182 ppm MREO; 6,081–8,930 ppm TREO), dysprosium oxide ranges 35–60 ppm and terbium oxide 8–13 ppm, with standout samples at trench PT-34 pairing >2,100 ppm MREO with dysprosium oxide 53–60 ppm and terbium oxide 12–13 ppm. This persistent Dy/Tb presence alongside elevated NdPr strengthens the overall magnet rare earth basket quality.
The 13 mineral claims are held by Verde and overlap with the Company’s potash resources, which have been a part of the portfolio for more than a decade.
Figure 1: Map of the Mineralized Zone
Board Review and Next Steps
Given the significance of this discovery and its potential economics—and mindful of Verde’s primary mission as a fertilizer company—the Board of Directors has initiated a formal review to determine the optimal path forward, balancing disciplined capital allocation with strategic alternatives, including targeted drilling, staged evaluation, partnerships, or other structures that preserve focus on core operations while maximizing value. As part of this process, the Board welcomes shareholder feedback through the Company’s investor relations channels and expects to issue a comprehensive update and go forward plan within the next seven days (on or before October 13, 2025).
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by José Márcio Matta Machado Paixão, Fellow AusIMM, who is a Qualified Person for exploration results under National Instrument 43-101, Standards of Disclosure for Mineral Projects.
QAQC
Analyses were performed by SGS Geosol (Vespasiano, Brazil) using lithium-borate fusion with ICP-MS/OES (IMS95A/ICP95A method). The QA/QC program inserted 3 blanks, 3 certified reference materials (CRMs) and 3 field duplicates among 84 total submissions. Relative to the 75 primary samples (SMP), control insertion equates to 12% (each control type 4% vs. SMP count). Analytical performance was monitored using Ce, Dy, La, Nd, Pr, and Y, consistent with JORC-aligned practice.
This news release presents exploration results and does not constitute a mineral resource or reserve estimate. Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially.
About Verde AgriTech
Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet. For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website: https://verde.ag/en/home.
Cautionary Language and Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including, but not limited to, statements with respect to: the significance of exploration results; the potential for economic extraction of rare earth elements; future exploration and development plans; the outcome of the Board of Directors’ review; potential partnerships, strategic alternatives, or value-maximizing structures; the advancement of the project; and the expected timing of further updates. Forward-looking information is based on management’s current expectations, assumptions, estimates, projections, and interpretations, and involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied. These factors include, without limitation: risks related to exploration stage projects; the possibility that future exploration results may not support mineral resource or reserve delineation; uncertainties relating to assay and metallurgical results; operational risks inherent in mining; risks associated with maintaining licenses, permits and mineral rights; changes in laws, regulations and government policies; risks related to capital and operating costs; commodity price volatility; financing risks; and other risks described in the Company’s most recent annual information form and other continuous disclosure filings available under the Company’s profile at www.sedarplus.ca .
Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable securities laws.
This news release reports exploration results which are preliminary in nature and do not represent mineral resources or mineral reserves as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). There is no certainty that further exploration will result in the delineation of mineral resources, mineral reserves, or that any development decision will be made. Mineralization identified to date is not necessarily indicative of future results.
For additional information please contact:
Cristiano Veloso, Chief Executive Officer and Founder
Tel: +55 (31) 3245 0205; Email: investor@verde.ag
www.verde.ag | www.investor.verde.ag
Appendix
| Sample ID |
Trench_ID |
From |
To |
UTMN |
UTME |
CeO2 |
Dy2O3 |
Er2O3 |
Eu2O3 |
Gd2O3 |
Ho2O3 |
La2O3 |
Lu2O3 |
Nd2O3 |
Pr6O11 |
Sm2O3 |
Tb4O7 |
Tm2O3 |
Y2O3 |
Yb2O3 |
TREO |
MREO |
%NdPr |
| OB01 |
PT-01 |
0 |
1 |
7860136,93 |
399395,08 |
1139 |
16 |
6 |
13 |
32 |
2 |
451 |
1 |
358 |
115 |
54 |
3 |
1 |
65 |
4 |
2260 |
493 |
21% |
| OB02 |
PT-01 |
1 |
2 |
7860136,93 |
399395,08 |
1207 |
17 |
6 |
13 |
32 |
2 |
482 |
1 |
378 |
121 |
57 |
4 |
1 |
68 |
5 |
2395 |
521 |
21% |
| OB03 |
PT-01 |
2 |
3 |
7860136,93 |
399395,08 |
1141 |
16 |
5 |
13 |
30 |
2 |
451 |
1 |
347 |
113 |
53 |
3 |
1 |
60 |
4 |
2239 |
479 |
21% |
| OB04 |
PT-01 |
3 |
4 |
7860136,93 |
399395,08 |
1137 |
16 |
6 |
13 |
30 |
2 |
447 |
0 |
349 |
112 |
52 |
3 |
1 |
61 |
4 |
2231 |
479 |
21% |
| OB05 |
PT-02 |
0 |
1 |
7860008,24 |
399670,41 |
1478 |
18 |
6 |
18 |
39 |
3 |
619 |
1 |
491 |
143 |
69 |
4 |
1 |
60 |
4 |
2953 |
657 |
21% |
| OB06 |
PT-02 |
1 |
2 |
7860008,24 |
399670,41 |
1340 |
19 |
6 |
18 |
41 |
3 |
578 |
1 |
489 |
140 |
71 |
4 |
1 |
63 |
4 |
2777 |
653 |
23% |
| OB07 |
PT-02 |
2 |
3 |
7860008,24 |
399670,41 |
1063 |
14 |
5 |
12 |
28 |
2 |
435 |
0 |
350 |
102 |
52 |
3 |
1 |
47 |
3 |
2116 |
469 |
21% |
| OB08 |
PT-03 |
0 |
1 |
7860373,94 |
399292,90 |
574 |
9 |
4 |
7 |
17 |
1 |
260 |
0 |
198 |
65 |
29 |
2 |
0 |
38 |
3 |
1209 |
274 |
22% |
| OB09 |
PT-03 |
1 |
2 |
7860373,94 |
399292,90 |
699 |
10 |
4 |
8 |
18 |
1 |
293 |
0 |
223 |
66 |
32 |
2 |
0 |
36 |
3 |
1396 |
301 |
21% |
| OB10 |
PT-04 |
0 |
1 |
7860344,16 |
399720,84 |
1194 |
15 |
5 |
14 |
32 |
2 |
468 |
0 |
387 |
124 |
58 |
3 |
1 |
53 |
3 |
2358 |
529 |
22% |
| OB11 |
PT-04 |
1 |
2 |
7860344,16 |
399720,84 |
1311 |
16 |
5 |
15 |
35 |
2 |
516 |
0 |
423 |
135 |
61 |
4 |
1 |
57 |
3 |
2585 |
577 |
22% |
| OB12 |
PT-05 |
0 |
1 |
7862246,40 |
401300,48 |
3015 |
35 |
9 |
36 |
82 |
4 |
1436 |
1 |
972 |
313 |
143 |
8 |
1 |
104 |
5 |
6161 |
1327 |
21% |
| OB13 |
PT-06 |
0 |
1 |
7863968,97 |
400492,10 |
2788 |
25 |
7 |
24 |
50 |
3 |
954 |
1 |
681 |
227 |
98 |
5 |
1 |
78 |
6 |
4948 |
938 |
18% |
| OB14 |
PT-07 |
0 |
1 |
7863592,35 |
401682,69 |
1331 |
16 |
5 |
14 |
32 |
2 |
502 |
0 |
394 |
128 |
57 |
3 |
1 |
58 |
3 |
2549 |
541 |
20% |
| OB15 |
PT-08 |
0 |
1 |
7863699,87 |
401672,16 |
4010 |
48 |
14 |
47 |
108 |
6 |
1904 |
1 |
1330 |
428 |
192 |
11 |
1 |
167 |
8 |
8276 |
1816 |
21% |
| OB16 |
PT-09 |
0 |
1 |
7863583,94 |
401415,28 |
1043 |
14 |
6 |
10 |
25 |
2 |
425 |
1 |
286 |
88 |
41 |
3 |
1 |
52 |
4 |
2000 |
390 |
19% |
| OB17 |
PT-10 |
0 |
1 |
7873694,77 |
404024,02 |
1487 |
12 |
4 |
11 |
24 |
2 |
543 |
1 |
350 |
123 |
47 |
2 |
1 |
50 |
4 |
2661 |
488 |
18% |
| OB18 |
PT-11 |
0 |
1 |
7871366,77 |
404423,65 |
2290 |
26 |
8 |
27 |
60 |
4 |
1064 |
1 |
791 |
229 |
110 |
6 |
1 |
83 |
5 |
4704 |
1052 |
22% |
| OB19 |
PT-12 |
0 |
1 |
7871455,52 |
404413,96 |
3718 |
46 |
14 |
44 |
101 |
6 |
1717 |
1 |
1251 |
398 |
182 |
10 |
2 |
171 |
9 |
7669 |
1705 |
21% |
| OB20 |
PT-13 |
0 |
1 |
7871485,92 |
404344,32 |
2158 |
21 |
7 |
21 |
45 |
3 |
814 |
1 |
601 |
201 |
83 |
5 |
1 |
79 |
5 |
4044 |
828 |
20% |
| OB21 |
PT-14 |
0 |
1 |
7865827,87 |
403058,24 |
2971 |
37 |
11 |
35 |
78 |
5 |
1396 |
1 |
955 |
306 |
137 |
8 |
1 |
134 |
7 |
6081 |
1306 |
21% |
| OB22 |
PT-15 |
0 |
1 |
7866820,89 |
404291,86 |
2167 |
27 |
9 |
24 |
57 |
4 |
798 |
1 |
681 |
213 |
101 |
6 |
1 |
96 |
6 |
4190 |
927 |
21% |
| OB26 |
PT-15 |
1 |
2 |
7866820,89 |
404291,86 |
1215 |
16 |
6 |
14 |
33 |
2 |
437 |
0 |
386 |
120 |
57 |
3 |
1 |
63 |
4 |
2357 |
525 |
21% |
| OB27 |
PT-16 |
0 |
1 |
7866556,86 |
404506,87 |
1327 |
16 |
6 |
14 |
32 |
2 |
522 |
1 |
386 |
126 |
56 |
3 |
1 |
66 |
4 |
2562 |
532 |
20% |
| OB28 |
PT-17 |
0 |
1 |
7866258,13 |
404800,78 |
809 |
12 |
5 |
9 |
22 |
2 |
337 |
1 |
249 |
73 |
36 |
2 |
1 |
50 |
4 |
1613 |
337 |
20% |
| OB29 |
PT-18 |
0 |
1 |
7865477,78 |
404446,44 |
3183 |
34 |
10 |
32 |
72 |
4 |
1339 |
1 |
883 |
290 |
129 |
7 |
1 |
110 |
6 |
6102 |
1214 |
19% |
| OB30 |
PT-18 |
1 |
2 |
7865477,78 |
404446,44 |
3326 |
46 |
14 |
45 |
103 |
6 |
1670 |
1 |
1231 |
389 |
179 |
10 |
1 |
173 |
8 |
7202 |
1676 |
22% |
| OB31 |
PT-18 |
2 |
3 |
7865477,78 |
404446,44 |
2698 |
32 |
9 |
31 |
69 |
4 |
1263 |
1 |
861 |
279 |
125 |
7 |
1 |
111 |
5 |
5497 |
1179 |
21% |
| OB32 |
PT-19 |
0 |
1 |
7865657,08 |
404535,96 |
2749 |
32 |
10 |
32 |
72 |
4 |
1244 |
1 |
865 |
277 |
131 |
7 |
1 |
111 |
7 |
5544 |
1181 |
21% |
| OB34 |
PT-19 |
1 |
2 |
7865657,08 |
404535,96 |
2664 |
31 |
10 |
29 |
67 |
4 |
1238 |
1 |
803 |
267 |
116 |
7 |
1 |
107 |
6 |
5351 |
1108 |
20% |
| OB37 |
PT-20 |
0 |
1 |
7865452,76 |
404324,04 |
2817 |
36 |
12 |
32 |
74 |
5 |
1259 |
1 |
883 |
282 |
132 |
7 |
1 |
138 |
8 |
5688 |
1209 |
20% |
| OB38 |
PT-20 |
1 |
2 |
7865452,76 |
404324,04 |
2949 |
36 |
11 |
32 |
74 |
5 |
1261 |
1 |
883 |
284 |
131 |
8 |
1 |
129 |
7 |
5811 |
1210 |
20% |
| OB39 |
PT-21 |
0 |
1 |
7867642,38 |
405141,50 |
3129 |
40 |
13 |
35 |
83 |
5 |
1336 |
1 |
953 |
305 |
139 |
8 |
1 |
154 |
8 |
6211 |
1306 |
20% |
| OB40 |
PT-21 |
1 |
2 |
7867642,38 |
405141,50 |
3731 |
49 |
17 |
41 |
99 |
7 |
1456 |
1 |
1102 |
347 |
168 |
10 |
2 |
209 |
11 |
7250 |
1507 |
20% |
| OB41 |
PT-22 |
0 |
1 |
7867679,28 |
405045,33 |
1035 |
13 |
6 |
9 |
23 |
2 |
372 |
1 |
239 |
80 |
36 |
3 |
1 |
62 |
4 |
1885 |
335 |
17% |
| OB42 |
PT-23 |
0 |
1 |
7868499,58 |
405216,07 |
2555 |
34 |
10 |
33 |
74 |
4 |
1273 |
1 |
907 |
288 |
133 |
7 |
1 |
119 |
6 |
5447 |
1236 |
22% |
| OB43 |
PT-24 |
0 |
1 |
7868992,10 |
405763,27 |
839 |
12 |
5 |
8 |
21 |
2 |
382 |
1 |
255 |
78 |
36 |
2 |
1 |
59 |
4 |
1706 |
347 |
20% |
| OB44 |
PT-25 |
0 |
1 |
7869012,94 |
405715,38 |
800 |
10 |
4 |
8 |
19 |
2 |
323 |
0 |
231 |
70 |
32 |
2 |
1 |
41 |
3 |
1546 |
313 |
20% |
| OB45 |
PT-26 |
0 |
1 |
7838552,42 |
385327,42 |
977 |
6 |
2 |
4 |
10 |
1 |
235 |
0 |
132 |
43 |
18 |
1 |
0 |
21 |
2 |
1451 |
182 |
12% |
| OB46 |
PT-27 |
0 |
1 |
7838674,70 |
385289,60 |
2577 |
11 |
4 |
7 |
20 |
2 |
514 |
0 |
235 |
77 |
29 |
2 |
1 |
45 |
3 |
3527 |
325 |
9% |
| OB47 |
PT-28 |
0 |
1 |
7840193,99 |
390174,29 |
296 |
2 |
2 |
1 |
3 |
0 |
58 |
0 |
33 |
11 |
4 |
0 |
0 |
14 |
2 |
426 |
46 |
10% |
| OB48 |
PT-29 |
0 |
1 |
7840174,77 |
388865,51 |
394 |
4 |
2 |
2 |
5 |
1 |
112 |
0 |
61 |
20 |
8 |
1 |
0 |
16 |
2 |
627 |
85 |
13% |
| OB49 |
PT-30 |
0 |
1 |
7839685,23 |
388198,79 |
940 |
5 |
3 |
2 |
6 |
1 |
152 |
1 |
73 |
26 |
10 |
1 |
0 |
33 |
3 |
1256 |
105 |
8% |
| OB50 |
PT-31 |
0 |
1 |
7839259,62 |
386861,33 |
675 |
3 |
2 |
1 |
3 |
1 |
66 |
0 |
36 |
12 |
5 |
0 |
0 |
18 |
2 |
826 |
52 |
6% |
| OB51 |
PT-32 |
0 |
1 |
7839840,68 |
386591,94 |
763 |
3 |
2 |
1 |
4 |
1 |
107 |
0 |
49 |
17 |
7 |
1 |
0 |
17 |
2 |
974 |
70 |
7% |
| OB52 |
PT-33 |
0 |
1 |
7841236,73 |
384705,43 |
1821 |
19 |
6 |
18 |
38 |
3 |
796 |
0 |
589 |
182 |
75 |
4 |
1 |
59 |
4 |
3614 |
794 |
21% |
| OB53 |
PT-34 |
0 |
1 |
7841160,46 |
384496,15 |
4083 |
53 |
15 |
54 |
126 |
7 |
2104 |
1 |
1592 |
461 |
214 |
12 |
1 |
200 |
7 |
8930 |
2118 |
23% |
| OB54 |
PT-34 |
1 |
2 |
7841160,46 |
384496,15 |
3636 |
60 |
17 |
57 |
135 |
8 |
2108 |
1 |
1644 |
464 |
221 |
13 |
2 |
240 |
8 |
8615 |
2182 |
24% |
| OB55 |
PT-35 |
0 |
1 |
7844181,84 |
382675,52 |
1669 |
18 |
6 |
17 |
40 |
3 |
673 |
1 |
544 |
158 |
73 |
4 |
1 |
71 |
5 |
3282 |
724 |
21% |
| OB56 |
PT-36 |
0 |
1 |
7845380,34 |
384873,08 |
3563 |
37 |
11 |
39 |
87 |
5 |
1570 |
1 |
1198 |
350 |
158 |
9 |
1 |
146 |
6 |
7181 |
1593 |
22% |
| OB57 |
PT-37 |
0 |
1 |
7846622,38 |
384552,66 |
387 |
6 |
4 |
3 |
8 |
1 |
145 |
1 |
95 |
29 |
13 |
1 |
1 |
34 |
4 |
730 |
132 |
17% |
| OB58 |
PT-38 |
0 |
1 |
7846381,08 |
383737,97 |
648 |
7 |
4 |
4 |
9 |
1 |
199 |
1 |
114 |
37 |
15 |
1 |
1 |
40 |
4 |
1086 |
160 |
14% |
| OB59 |
PT-39 |
0 |
1 |
7845628,31 |
383624,11 |
1675 |
22 |
7 |
17 |
41 |
3 |
605 |
1 |
458 |
134 |
67 |
4 |
1 |
87 |
4 |
3126 |
619 |
19% |
| OB60 |
PT-40 |
0 |
1 |
7853691,01 |
385824,65 |
2321 |
23 |
7 |
21 |
49 |
3 |
887 |
1 |
654 |
197 |
87 |
5 |
1 |
82 |
5 |
4342 |
879 |
20% |
| OB61 |
PT-41 |
0 |
1 |
7853450,63 |
385544,70 |
402 |
8 |
3 |
3 |
10 |
1 |
235 |
1 |
136 |
44 |
18 |
1 |
1 |
37 |
4 |
903 |
189 |
20% |
| OB65 |
PT-42 |
0 |
1 |
7854988,06 |
383520,77 |
2169 |
31 |
9 |
29 |
70 |
4 |
982 |
1 |
823 |
235 |
116 |
7 |
1 |
122 |
5 |
4605 |
1096 |
23% |
| OB66 |
PT-43 |
0 |
1 |
7854599,80 |
383201,65 |
3211 |
26 |
8 |
27 |
58 |
3 |
1288 |
1 |
879 |
270 |
115 |
6 |
1 |
82 |
5 |
5980 |
1181 |
19% |
| OB67 |
PT-44 |
0 |
1 |
7856215,69 |
381334,74 |
378 |
6 |
3 |
3 |
8 |
1 |
160 |
1 |
103 |
32 |
14 |
1 |
0 |
32 |
3 |
747 |
142 |
18% |
| OB68 |
PT-45 |
0 |
1 |
7856478,40 |
382570,77 |
3182 |
37 |
13 |
34 |
80 |
6 |
1402 |
1 |
1026 |
300 |
137 |
8 |
2 |
180 |
9 |
6418 |
1372 |
21% |
| OB69 |
PT-46 |
0 |
1 |
7855995,63 |
384092,19 |
1112 |
15 |
5 |
12 |
29 |
2 |
430 |
0 |
335 |
100 |
49 |
3 |
1 |
51 |
3 |
2148 |
453 |
20% |
| OB70 |
PT-47 |
0 |
1 |
7856236,70 |
384223,76 |
1639 |
17 |
6 |
16 |
34 |
2 |
650 |
1 |
517 |
154 |
69 |
3 |
1 |
54 |
5 |
3169 |
691 |
21% |
| OB71 |
PT-48 |
0 |
1 |
7857095,05 |
388484,46 |
2512 |
30 |
9 |
27 |
61 |
4 |
984 |
1 |
722 |
211 |
105 |
6 |
1 |
95 |
7 |
4775 |
969 |
20% |
| OB72 |
PT-49 |
0 |
1 |
7857168,36 |
388409,65 |
2325 |
22 |
7 |
18 |
41 |
3 |
736 |
1 |
522 |
156 |
75 |
4 |
1 |
80 |
5 |
3998 |
704 |
17% |
| OB73 |
PT-50 |
0 |
1 |
7857512,64 |
389654,98 |
1071 |
13 |
4 |
11 |
26 |
2 |
391 |
0 |
319 |
86 |
43 |
3 |
0 |
44 |
3 |
2017 |
421 |
20% |
| OB74 |
PT-51 |
0 |
1 |
7857653,49 |
389592,30 |
1275 |
18 |
6 |
15 |
38 |
3 |
498 |
1 |
422 |
110 |
60 |
4 |
1 |
67 |
4 |
2519 |
553 |
21% |
| OB75 |
PT-52 |
0 |
1 |
7857805,93 |
389535,77 |
1559 |
18 |
6 |
16 |
38 |
2 |
677 |
1 |
487 |
134 |
66 |
4 |
1 |
60 |
5 |
3075 |
644 |
20% |
| OB76 |
PT-53 |
0 |
1 |
7876853,68 |
404424,64 |
1741 |
16 |
5 |
15 |
35 |
2 |
659 |
0 |
468 |
133 |
62 |
4 |
1 |
51 |
3 |
3196 |
621 |
19% |
| OB77 |
PT-54 |
0 |
1 |
7858794,38 |
395057,12 |
1683 |
21 |
7 |
19 |
45 |
3 |
748 |
1 |
561 |
150 |
78 |
4 |
1 |
67 |
5 |
3391 |
736 |
21% |
| OB78 |
PT-55 |
0 |
1 |
7858742,42 |
394780,55 |
2939 |
31 |
10 |
30 |
71 |
4 |
1201 |
1 |
907 |
244 |
123 |
7 |
1 |
105 |
6 |
5679 |
1189 |
20% |
| OB79 |
PT-56 |
0 |
1 |
7861579,61 |
396138,13 |
1834 |
23 |
7 |
21 |
50 |
3 |
822 |
1 |
627 |
169 |
85 |
5 |
1 |
80 |
5 |
3733 |
824 |
21% |
| OB80 |
PT-57 |
0 |
1 |
7857196,72 |
397136,23 |
1697 |
21 |
6 |
21 |
47 |
3 |
797 |
0 |
606 |
162 |
81 |
5 |
1 |
68 |
4 |
3519 |
794 |
22% |
| OB81 |
PT-58 |
0 |
1 |
7859362,65 |
397072,90 |
1650 |
23 |
7 |
22 |
53 |
3 |
872 |
1 |
646 |
170 |
88 |
5 |
1 |
84 |
5 |
3630 |
845 |
22% |
| OB82 |
PT-59 |
0 |
1 |
7859626,95 |
397185,89 |
191 |
4 |
2 |
1 |
4 |
1 |
53 |
0 |
39 |
11 |
6 |
1 |
0 |
23 |
3 |
338 |
54 |
15% |
| OB83 |
PT-60 |
0 |
1 |
7888465,33 |
407537,87 |
684 |
5 |
2 |
4 |
10 |
1 |
216 |
0 |
136 |
41 |
18 |
1 |
0 |
19 |
2 |
1139 |
183 |
16% |
| OB84 |
PT-61 |
0 |
1 |
7887899,46 |
406517,43 |
177 |
3 |
1 |
2 |
4 |
0 |
65 |
0 |
45 |
13 |
6 |
0 |
0 |
12 |
1 |
332 |
62 |
18% |
